Criteo (CRTO) Downgraded by BidaskClub

BidaskClub cut shares of Criteo (NASDAQ:CRTO) from a hold rating to a sell rating in a research note published on Wednesday morning.

CRTO has been the topic of several other reports. ValuEngine upgraded shares of Criteo from a strong sell rating to a sell rating in a research report on Tuesday, July 10th. KeyCorp lowered their price objective on shares of Criteo from $50.00 to $42.00 and set an overweight rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research cut shares of Criteo from a hold rating to a sell rating in a research report on Monday, October 15th. Nomura started coverage on shares of Criteo in a report on Tuesday, July 10th. They set a neutral rating and a $34.00 price target on the stock. Finally, DA Davidson started coverage on shares of Criteo in a report on Monday, October 8th. They set a neutral rating and a $25.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $32.00.

NASDAQ CRTO traded down $0.13 on Wednesday, hitting $22.07. 667,232 shares of the stock were exchanged, compared to its average volume of 508,489. Criteo has a 52-week low of $19.85 and a 52-week high of $38.50. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 3.06 and a beta of 1.47.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, October 31st. The information services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. Criteo had a net margin of 4.50% and a return on equity of 13.18%. The firm had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $222.00 million. During the same period in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Criteo will post 1.47 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of CRTO. US Bancorp DE lifted its stake in shares of Criteo by 2.9% in the 3rd quarter. US Bancorp DE now owns 91,817 shares of the information services provider’s stock valued at $2,106,000 after purchasing an additional 2,604 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in shares of Criteo by 26.5% in the 2nd quarter. First Republic Investment Management Inc. now owns 15,035 shares of the information services provider’s stock valued at $494,000 after purchasing an additional 3,152 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of Criteo by 58.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 10,792 shares of the information services provider’s stock valued at $355,000 after purchasing an additional 4,000 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Criteo by 10.3% in the 2nd quarter. Northern Trust Corp now owns 44,037 shares of the information services provider’s stock valued at $1,447,000 after purchasing an additional 4,120 shares during the last quarter. Finally, Aurora Investment Counsel lifted its stake in shares of Criteo by 6.7% in the 2nd quarter. Aurora Investment Counsel now owns 78,583 shares of the information services provider’s stock valued at $2,581,000 after purchasing an additional 4,935 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

About Criteo

Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.

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Analyst Recommendations for Criteo (NASDAQ:CRTO)

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